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Advice Please

  • 02-02-2010 10:47pm
    #1
    Shayman
    Closed Accounts Posts: 150 ✭✭


    Hi,

    I have a newsagents/convenience store. Was doing fine until my bank pulled my overdraft a last week. Totally f**d up my cashflow etc. Also they knocked back my main suppliers DD so they're very hesitant now. I've been around the main banks but they wouldn't even discuss it. Any ideas? Do I have any legal recourse? I've never messed up with the bank so I'm a bit flummoxed.

    I need to raise about 20k short term pending sale of a property.


Comments

  • #2
    Accountancy
    Closed Accounts Posts: 59 ✭✭Accountancy


    Did you not get any letter telling you that they were pulling your od? They would have had to send you something?


  • #3
    DoMyBooks
    Registered Users, Registered Users 2 Posts: 355 ✭✭DoMyBooks


    Is this an Irish bank or the Irish arm of a foreign bank? Seems strange that they wouldn't email you.

    My suggestion would be go back to your current bank and discuss the situation honestly I have done this lots over the past few months with clients and always got some sort of a result.

    Bring a basic cashflow statement with you showing how you will recover.

    Any questions please feel free to ask


  • #4
    Shayman
    Closed Accounts Posts: 150 ✭✭Shayman


    It's an Irish bank.

    They sent me a letter taht arrived the day after the cut me off. Been back to them and they say my no business no longer fits their criteria.


  • #5
    Shannonsider
    Registered Users, Registered Users 2 Posts: 301 ✭✭Shannonsider


    DoMyBooks wrote: »
    Is this an Irish bank or the Irish arm of a foreign bank? Seems strange that they wouldn't email you.

    My suggestion would be go back to your current bank and discuss the situation honestly I have done this lots over the past few months with clients and always got some sort of a result.

    Bring a basic cashflow statement with you showing how you will recover.

    Any questions please feel free to ask

    Correct me if I'm wrong but a bank wouldn't email you, they would communicate only by post.


  • #6
    Shayman
    Closed Accounts Posts: 150 ✭✭Shayman


    I don't recall ever getting an e mail from my bank, it's always been letters and they charge around €30 for the pleasure of writing to me!! And straying off the point, I knew a guy in England who after receiving a letter from his bank (Halifax) and they charged him for it, wrote back to them and charged them for the reply. The correspondended back and forth until he charged them £350 for ten letters. Took them to the small claims court for it and won!


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  • #7
    kennyb3
    Registered Users, Registered Users 2 Posts: 6,724 ✭✭✭kennyb3


    Shayman wrote: »
    I don't recall ever getting an e mail from my bank, it's always been letters and they charge around €30 for the pleasure of writing to me!! And straying off the point, I knew a guy in England who after receiving a letter from his bank (Halifax) and they charged him for it, wrote back to them and charged them for the reply. The correspondended back and forth until he charged them £350 for ten letters. Took them to the small claims court for it and won!
    Are you for real or is this an attempt to just have a go at the banks? thats what it seems like to me.


  • #8
    Shayman
    Closed Accounts Posts: 150 ✭✭Shayman


    Of course I'm for real. Why? Do you think it's something to joke about? Believe me, facing losing everything at the whim of a faceless unaccountable person in a bank back office is NOT funny!


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